Japan loans $1.2 billion to Vietnam

TN News

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Vietnam signed a US$1.2 billion loan agreement with Japan on Wednesday in the witness of Vietnam Prime Minister Nguyen Tan Dung, who was on his visit to Japan, according to the government website.

The loan will cover Vietnam's efforts to fight climate change, a thermoelectric plant and other projects, the report said, adding that the agreement was signed between Vietnam Finance Minister Vuong Dinh Hue and Izumi Aria, vice president of the Japanese International Cooperation Agency.

Also on November 2, Dung met Japan Emperor Akihito and Empress Michiko before concluding his visit.

During the meeting, Dung expressed his appreciation for the Japanese Emperor's and royal family's concerns about Vietnam as well as the countries' relationship.

The Japanese Emperor thanked Vietnam for its support to his country after the Tohoku earthquake and tsunami in March.

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Meanwhile, at the meeting with Dung, Takeshi Maeda, Minister of Land, Infrastructure, Transport and Tourism, said Japanese businesses have a great interest in making investments in Vietnam, especially traffic infrastructure.

He hoped that the Vietnamese government will facilitate their investments.

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